How to Apply for an Individual Entrepreneur PPP Loan in Five Easy Steps - Shared screen with speaker view
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Single Member LLC w/ 1 employee in 2020 but no employees in 2019 and a net loss in 2019 and a net loss in 2020.
Disqualifed because there is no profit ?
2020 quarter - do you include PPP 1st draw funds? What about any UI benefits received outside of PPP loan period?
Being a freelancer, my Gross income is much higher than net, if I use net there is no point to apply for a loan as it will be under $1,000 which isn't helpful. Is there a way to use the gross income? Or is it all based on Net?
so is this something I can apply for or I have to go through my bank
Lori Ann Golda
What is the impact on forgiveness for those applying for loans under $50,000, first or second. Exhibits?
So this PPP is an 8wk period? Not the 24wk?
401-226-0077 is our telephone number
if I was apply to collect unemployment with the extra weekly allowance allowed as a self employed gig worker,am I eligible for this ppp loanam I
For those of you joining late, William Welsh and David Lucier are SCORE mentors.
As a single member LLC start up incorporated in 2019 but not in operation for business until 1/2020, my 2019 schedule C shows a small loss. I’d prefer to use 2020 tax return schedule C to calculate. Does it need to be filed and processed or can I simply estimate/fill it out and submit it based on the information I have prior to filing?
Are 1099 contractor costs paid to provide your services eligible operating costs for a service business ?
I just learnt that there will be an SVO Grant coming soon that will cater specifically to my industry (aTalent Representative) Can I apply for both, or just one or the other?
If single member LLC fling a schedule C has net loss in 2019 and 2020 are they even eligible?
If collecting unemployment, can I apply for the PPP Loan??
If you haven't applied for anything yet and are a 1099 contractor with no employees -- can you apply for Pandemic Unemployment AND PPP Round One now? If so, Are there limits if you apply for both?
can you collect unemployment amd still request a ppe loan
run a mobile recording studio, completely shut down due to covid. is this something I can apply for. I am the only employee
What if I've been in business since Feb 15, 2020, but have yet to register my business with the State and thus not yet have a Tax ID #?
So if I use 100% of the loan (which will only be $1,000 due to using Net Profit) as wage replacement, will that also be 100% forgiven? Or is it taxable income?
please clarify the answer to question about the self employed gig worker collecting umplent
yes I would like that clarified also
what about EIDL
I have reached out for mentoring
I heard they will be contacting recent applications no new ones can be submitted
please clarify the answer collecting unemployment as gig worker. are we still eligible for the PPP loan
Our website again is www.ri.score.org
Single member LLC filing as either S Corporation or Sched C with losses in 2019 and 2020 but payroll cost is eligible to cover payroll costs despite net losses, correct?
If You’re collecting unemployment; are qualified to get a Grant??
Do You have Resources for Grants??
Single member LLC filing as either S Corporation or Sched C with losses in 2019 and 2020 but payroll cost is eligible to cover payroll costs despite net losses, correct? IS this only for payroll costs or can also include the operating costs with the 60/40 split?
Follow up on 100% forgiveness of wage replacement : The way I get paid is generally in chunks. So if I get the $1k PPP can I pay myself for wage replacement as one payment since it is small? Or do I need to drag it out for several weeks? As a video producer my checks can be up to $2.5k in one payment, so I can make that amount in one week. Would I then also forfeit the Unemployment for that week?
Sole proprietor less than $50,000 PPP eligibility: I have computer software licenses & printer supply costs. Am I not allowed to include those? I can only claim payroll losses?
As a 1099 contractor with no employees - If I file for PPP First Draw now and also apply for forgiveness, can I apply for Second Draw immediately after - as long as I can show a 25% decrease in Net Profit from 2020 vs 2019? Do I need to wait 2.5 months?
As a 501(3)(c) non profit I am very happy to finally hear that I can qualify for PPP because we dont have a Schedule C and this has been preventing organizations like myself from applying. So does this mean I can file in 1st draw or should I do the second one. Does it matter?
Should I apply for PPP 1 ?
Thank you, everyone, this was helpful.
Thank you, appreciate it
In order to get exact answers so I can start applying, how can I connect with someone today to discuss my specific questions?